Towercrest Capital Management Grows Stock Holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Towercrest Capital Management grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 191.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,821 shares of the company’s stock after purchasing an additional 135,977 shares during the quarter. Schwab US Dividend Equity ETF comprises approximately 0.9% of Towercrest Capital Management’s portfolio, making the stock its 29th largest holding. Towercrest Capital Management’s holdings in Schwab US Dividend Equity ETF were worth $5,650,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Schwab US Dividend Equity ETF during the 3rd quarter valued at approximately $34,000. Anchor Investment Management LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.1% during the 3rd quarter. Anchor Investment Management LLC now owns 38,517 shares of the company’s stock valued at $3,256,000 after buying an additional 428 shares during the period. Bernardo Wealth Planning LLC raised its position in shares of Schwab US Dividend Equity ETF by 3.8% during the 4th quarter. Bernardo Wealth Planning LLC now owns 13,546 shares of the company’s stock valued at $366,000 after buying an additional 498 shares during the period. CreativeOne Wealth LLC raised its position in shares of Schwab US Dividend Equity ETF by 1.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 30,496 shares of the company’s stock valued at $2,578,000 after buying an additional 529 shares during the period. Finally, Central Pacific Bank Trust Division raised its position in shares of Schwab US Dividend Equity ETF by 200.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after buying an additional 604 shares during the period.

Schwab US Dividend Equity ETF Stock Performance

SCHD stock opened at $27.76 on Monday. The firm has a market cap of $68.84 billion, a PE ratio of 17.56 and a beta of 0.86. Schwab US Dividend Equity ETF has a one year low of $25.18 and a one year high of $29.72. The firm’s 50 day moving average price is $27.95 and its 200-day moving average price is $28.13.

Schwab US Dividend Equity ETF Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.